View on Indian Stock Market:
Today, bearish opening is expected in Indian stock market.
Some recovery may come from lower levels.
Again declining trend shall be seen in closing hours.
Sell Nifty & Bank Nifty on rise.
– NIFTY(FUT): 5,900-5,820
– BANK NIFTY: 11,800-11,400
SELL ON RISE:
– DLF FOR POSITIONAL TGT 165
– RCOMM FOR POSITIONAL TGT 110
– SESA GOA FOR POSITIONAL TGT 120 & BELOW
– IDFC S/L 128 TGT 137
– AUROBINDO PHARMA S/L 185 TGT 195
Important Note for Nifty
With stop loss of 6,000, you can short NIFTY on upper level for target 5,580 & below (in JULY EXPIRY).
Important View for USD/INR
USD/INR can cross 60.50 in coming days.